Opportunities in the industrial IoT market have evolved through a number of stages i.e. Lucintel has found the future of this market to be promising; the industrial IoT market is expected to reach $403.3 billion by 2027 with a CAGR of 20%. In this market, manufacturing is expected to remain the largest end use industry, and wireless segment is expected to remain the largest connectivity. Players can benefit from the available opportunities like growing urbanization, increasing internet penetration, and growing adoption of IoT in various industries in the region.
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PTC, SAP, Cisco, General Electric, Siemens, IBM, Intel Corporation, Huawei, and Microsoft are some of the companies profiled in this report.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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